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Christine Lagarde, President of the European Central Bank (ECB), is scheduled to deliver her remarks on the monetary policy outlook in a press conference at 13:30 GMT.

Follow our live coverage of ECB’s policy announcements and the market reaction. 

Related content on ECB meeting

European Central Bank Preview: Forecast from 10 major banks.

“The ECB is set to ‘recalibrate’ its policy with a very clear message that easing will be based around PEPP and TLTRO,” note Rabobank analysts.

ECB Preview: EUR/USD longs may have gone too far for Lagarde.

“Apart from the recent jump in EUR/USD, the impact of an additional €500 billion is mostly priced in,” says FXStreet Analyst Yohay Elam. “It would probably take Lagarde and her colleagues to announce €700 billion or more in additional bond buys to excite investors.”

About ECB’s press conference

Following the ECB´s economic policy decision, the ECB President gives a press conference regarding monetary policy. Her comments may influence the volatility of EUR and determine a short-term positive or negative trend. Her hawkish view is considered as positive, or bullish for the EUR, whereas her dovish view is considered as negative, or bearish.